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4th Wave to provide 4D for Petrobras
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| Dr David Lumley. |
(4/26/2004 - OGI: Houston) 4th Wave Imaging reported today signing a
consulting and service contract with Petroleo Brasileiro (Petrobras) to
provide the Brazilian national oil company with access to 4th Wave Imaging's
expert consulting services and proprietary technology for seismic monitoring
of oil production.
Petrobras will luse 4th Wave Imaging's advanced methods of using seismic
waves to monitor fluid flow in oilfields to maximize the value of newly
developed offshore fields, particularly those in the deepwater Campos Basin.
The company's efforts are aimed at assuring that Brazil can meet its needs
for self-sufficiency and affordable energy, without compromising the quality
of life for future generations. Research at 4th Wave Imaging on advanced
time-lapse seismic methods (4D) is partially funded by US federal and state
agencies, as well as the energy industry.
This new contract will allow the company to provide a variety of services to
Petrobras' offshore operations, including 4D feasibility surveys using
state-of-the-art petrophysical methods, planning for the acquisition of time
lapse seismic data, 4D seismic processing methodologies, and specialized
seismic data interpretation, inversion, and quantitative analysis. 4th Wave
Imaging will also work with petroleum engineers at Petrobras to integrate
seismic monitoring efforts with fluid-flow simulations of their oil and gas
reservoirs.
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4D or time-lapse 3D seismic. Courtesy: 4th Wave. |
4th Wave Imaging's efforts will advance the use in Brazil of time-lapse
seismology, which is a relatively new technology for imaging fluid flow deep
underground using measurements from sensors at the earth's surface.
4th Wave Imaging CEO Dr. David Lumley said, "Our technology is focused on
advanced practical methods of monitoring the changes that occur as oil and
gas are removed from offshore reservoirs that are extremely expensive to
produce. 4D seismic technology can dramatically lower the economic risks and
increase the ultimate efficiency of oil and gas recovery in these new
fields."
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